Surge in Generative AI in China: A New Era of Technological Advancements
As I sat down to write this article, I couldn’t help but think about the rapid pace of technological advancements in China. The country has been making waves in the global AI landscape, and a recent report has only reaffirmed this notion. According to the report, AI use by respondents from China has surged to a staggering 83 percent, surpassing the United States, where only 65 percent of respondents reported using generative AI.
“The rapid adoption of large language models (LLMs) and enterprise data for developing custom generative AI applications will lead to significant growth in the market.” - Yan Junjie, CEO of Shanghai-based emerging startup MiniMax
This significant increase in generative AI adoption is a testament to China’s commitment to technological advancements. The market size of AI-generated content in China’s e-commerce industry is projected to triple in 2024, reaching 1.2 billion yuan ($171.4 million). This growth is not limited to e-commerce; various sectors, including TMT, retailing, insurance, banking, and life sciences, are also witnessing an increase in generative AI use.
Image: AI-generated content in e-commerce
Generative AI has the power to transform multiple business sectors in China. By leveraging its large market size and homegrown innovations, China has seen a number of generative AI applications emerge, including short video creation, e-commerce, and education. For instance, in e-commerce and short video platforms, generative AI can offer exceptional levels of personalization and empower more dynamic and efficient content creation.
A report by the UN’s World Intellectual Property Organization showed China leading the generative patent race, filing more than 38,000 patents between 2014 and 2023. This is a clear indication of China’s commitment to driving economic growth through technological advancements.
“Generative AI is driving economic growth. A 2023 report from McKinsey estimates that generative AI is set to add up to $4.4 trillion of value to the global economy annually.” - UN’s World Intellectual Property Organization
As I reflect on the current state of generative AI in China, I am filled with excitement and optimism. The potential for growth and innovation is vast, and I have no doubt that China will continue to be at the forefront of this technological revolution.
Image: Generative AI patent filings in China
In conclusion, the surge in generative AI use in China is a testament to the country’s commitment to technological advancements and driving economic growth. As the cost of LLM services for enterprises continues to decrease, we can expect Chinese companies to increasingly embrace generative AI at a faster pace in the coming years.
Image: AI-generated content in education
